Morgan Stanley raised the firm’s price target on W. R. Berkley (WRB) to $80 from $75 and keeps an Equal Weight rating on the shares. The firm updated models in the insurance space post the Q3 reports. For property and casualty, Morgan Stanley sees a softening cycle heading into 2026, the analyst tells investors.
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Read More on WRB:
- W. R. Berkley downgraded to Neutral from Buy at UBS
- W. R. Berkley price target lowered to $78 from $82 at Cantor Fitzgerald
- W. R. Berkley downgraded to Underperform from Market Perform at BMO Capital
- W.R. Berkley Reports Strong Q3 Earnings Amid Market Challenges
- W. R. Berkley price target raised to $84 from $80 at Truist